Risk of Funding Constraints Due to Credit Deterioration
First written in FY2019. 2 of 5 entries say "Restated". Latest entry: FY2026.
1 other company's latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「As of the end of the fiscal year, there were no borrowing agreements or corporate bond agreements subject to financial covenants.」
The status changed from the breach of the net asset maintenance covenant described in the previous fiscal year, and it was stated that, as of the end of the fiscal year, there were no borrowing or corporate bond agreements with covenants. - FY2025MaterialisedAnnual report
「During the consolidated fiscal year, Allegro MicroSystems, Inc., which had mainly been a consolidated subsidiary, became an equity-method affiliate. As a result, the Group was in breach of the above item (1) at the end of the consolidated fiscal year, but had obtained the financial institutions’ consent not to demand acceleration of repayment on the grounds of this breach.」
A breach of the financial covenant relating to the maintenance of net assets actually occurred, but consent was obtained from the financial institutions not to demand acceleration of repayment. - FY2023RestatedAnnual report
「If the bond market’s or financial institutions’ confidence in the Group declines, these financing methods may become restricted or their costs may rise, potentially adversely affecting operating performance and financial condition.」
The risks of credit and financing constraints relating to corporate bonds, commercial paper, commitment lines, bank borrowings, and other financing were reiterated. - FY2021RestatedAnnual report
「If the bond market’s or financial institutions’ confidence in the Group declines, these financing methods may become restricted or their costs may rise, potentially adversely affecting operating performance and financial condition.」
The risk of financing constraints on corporate bonds, commercial paper, bank borrowings, and other financing resulting from deteriorating creditworthiness was reiterated. - FY2019First statedAnnual report
「If the bond market’s or financial institutions’ confidence in the Company declines, these financing methods may become restricted or their costs may rise, potentially adversely affecting operating performance and financial condition.」
The risk of financing constraints relating to corporate bonds, commercial paper, commitment lines, and bank borrowings was systematically disclosed for the first time.